OPTIONS TOOLS
Strategy Calculators
Choose a strategy to explore its profit, loss and breakeven prices.
Basic strategiesCalls, puts, income and protection.6
Vertical spreadsThe four core bullish and bearish spreads.4
Straddles & stranglesLong and short volatility positions.8
Butterflies & condorsStandard structures, reverse spreads and uneven wings.14
Calendars & diagonalsStrategies with more than one expiration.9
Stock positions & protectionCovered positions, collars and stock repair.8
Ratios, ladders & uncovered callsUnequal quantities, extra strikes and short calls.13
Alternative strategiesLess common combinations with dedicated calculators.7
Synthetic positions & arbitrageStock equivalents, synthetic options and box spreads.16
- Synthetic Long Stock
- Synthetic Short Stock
- Synthetic Long Stock (Split Strikes)
- Synthetic Short Stock (Split Strikes)
- Synthetic Long Call
- Synthetic Long Put
- Synthetic Short Call
- Synthetic Short Put
- Long Call Synthetic Straddle
- Long Put Synthetic Straddle
- Short Call Synthetic Straddle
- Short Put Synthetic Straddle
- Conversion
- Reversal
- Box Spread
- Short Box
Index optionsLong and short calls and puts on an index.4
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Try a shorter name, such as “call”, “calendar” or “butterfly”.
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About these calculators
Standard payoff calculators show results at expiration. Calendar and diagonal calculators estimate the value at the first expiration, including the remaining time value of longer-dated options. Results are educational estimates, not live quotes or broker margin requirements.
